Rex Energy Announces Results of Four-Well Baird Pad in Moraine East Area
REX ENERGY (REXX)
Last rex energy earnings: 5/15 04:14 pm
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Source: GlobeNewswire
The two Marcellus wells produced at an average 24-hour sales rate per well of 12.1 MMcfe/d with 57% liquids productionBaird 4H (Marcellus) produced 213 bbls per day of condensate, the highest rate to date in the Butler Operated AreaAverage 24-hour sales rate per well of 10.1 MMcfe/d; 56% liquids STATE COLLEGE, Pa., June 12, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced that it has placed into sales the four-well Baird pad in the Moraine East Area. The Baird wells were drilled to an average lateral length of approximately 7,140 feet and completed in an average of 39 stages and 2,727 pounds of sand. The wells produced at an average 24-hour sales rate per well, assuming full ethane recovery, of 10.1 MMcfe/d consisting of 4.4 MMcf/d of natural gas, 823 bbls/d of NGLs and 124 bbls/d of condensate. Four-Well Baird Pad – 24 Hour Sales RatesWellFormationNatural Gas (Mcf/d)NGLs (Bbls/d)Condensate (Bbls/d)Total (Mcfe/d)Baird 1HMarcellus5,07293810811,348Baird
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